{"id":291417,"date":"2019-09-13T05:08:02","date_gmt":"2019-09-13T05:08:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291417"},"modified":"2019-09-13T05:08:02","modified_gmt":"2019-09-13T05:08:02","slug":"oils-problem-of-plenty-in-opecs-forecast-for-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oils-problem-of-plenty-in-opecs-forecast-for-2020\/","title":{"rendered":"Oil\u2019s problem of plenty in Opec\u2019s forecast for 2020"},"content":{"rendered":"<p>Has Opec\u2019s forecast changed from earlier?<\/p>\n<p>Oil cartel Organization of the Petroleum Exporting Countries (Opec) on Wednesday said next year\u2019s oil demand would be outpaced by strong growth in supplies from rival producers such as the US. Opec said worldwide demand would increase by 1.08 million barrels per day (mbpd) year-on-year, 60,000bpd less than previously estimated. Demand for Opec crude in 2019 and 2020 is now seen at 30.6 mbpd and 29.4 mbpd, respectively. Opec\u2019s August report had forecast oil demand to grow by 1.1 mbpd, which was lower by 0.04 mbpd from the July prediction. A key determinant of crude prices would be severity of winters in the US and Europe and inventory levels in the former.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has Opec\u2019s forecast changed from earlier? Oil cartel Organization of the Petroleum Exporting Countries (Opec) on Wednesday said next year\u2019s oil demand would be outpaced by strong growth in supplies from rival producers such as the US. Opec said worldwide demand would increase by 1.08 million barrels per day (mbpd) year-on-year, 60,000bpd less than previously estimated. Demand for Opec crude in 2019 and 2020 is now seen at 30.6 mbpd and 29.4 mbpd, respectively. Opec\u2019s August report had forecast oil demand to grow by 1.1 mbpd, which was lower by 0.04 mbpd from the July prediction. A key determinant of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-291417","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}